Developers ordered to put a hold on showcasing their projects for a month to fight Covid-19

  • The developers have been ordered by the Controller of Housing to put a pause on showcasing their projects to potentials buyers from 7th April 2020 to 4th May 2020 as the government decided to take strict measures to fight the deadly Covid-19 pandemic which has affected lives of more than a million people worldwide.
  • Acting promptly to the latest instructions given by the Government, Chip Eng Seng which started showcasing its project Kopar at Newton from 25th March has closed the showflat from today i.e. 7th April 2020.
  • A spokesperson from Keppel Land said that they had organized a private preview for their 19 Nassim showflat from March 20th to March 22nd for prospects who should keen interest but they will now keep the showflats closed until 4th May 2020.
  • Some projects which were eyeing a launch in the first half this year, have decided to delay their projects till they are confident about the conditions changing for the better. While others decided to delay their launches even before the latest announcement by the Housing Controller.
  • Projects that were eyeing the launch in the first half include The Landmark (by MCC Singapore, SSLE Development and ZACD Group), Forett at Bukit Timah by Qingjian Realty (South Pacific) Group and Perennial Real Estate Holdings.
  • Desmond Sim, The head of research at CBRE for south-east Asia, suggested the developers who have existing showflats to showcase their project using technologies such as virtual showflat tour to their prospective buyers.
  • The project launches originally scheduled for the Q2 can be delayed till the second half of 2020 owing to a shortage of manpower and to avoid cannibalisation of the impact of their project as many delayed projects will be launched in the Q2 predicted, Mr. Sim.

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